Aggreko sees better-than-expected FY performance

SarahTurner

LONDON (MarketWatch) -- Temporary power supplier Aggreko
AGK, -0.17%
said Tuesday that it expects first-half revenue in constant currency and excluding pass-through fuel to grow by around 10% and trading profit by about 20%. Demand has continued to be strong and the firm's expecting to secure orders for a record 900 megawatts of new work in the first half of its fiscal year. It said that, due to a more encouraging performance for local businesses, a larger FIFA World Cup contract, new work secured in its international power projects business and favorable foreign exchange movements, it now expects that its fiscal-year performance will be significantly better than anticipated in April.

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